This position is located in the Examinations Branch of the Division of Clearing and Risk (DCR). The Examinations Branch plans and conducts examinations of derivatives clearing organizations (DCOs) to evaluate compliance with the Commodity Exchange Act (Act) and Commission regulations and monitors financial, operational, and risk activities of DCOs to assess the actual and potential implications of those activities for the DCO and for financial markets generally.
Summary
This position is located in the Examinations Branch of the Division of Clearing and Risk (DCR). The Examinations Branch plans and conducts examinations of derivatives clearing organizations (DCOs) to evaluate compliance with the Commodity Exchange Act (Act) and Commission regulations and monitors financial, operational, and risk activities of DCOs to assess the actual and potential implications of those activities for the DCO and for financial markets generally.
If selected for this position, you will serve as an Associate Director responsible for managing and supervising a team of professional and technical experts responsible for assessing DCOs for compliance with the Act and CFTC regulations. This will include the following:
Provide expert advice and technical guidance to the Deputy Director for Examinations in the formulation of an annual plan of examinations. Ensure the planned examinations are carried out in an efficient and effective manner.
Prepare risk assessments that identify potential areas of risk at a DCO and assign rankings to each risk. This includes assessing business risks related to DCO’s risk management policies and procedures and the identification of potential gaps in the risk controls at a given DCO.
Establish the scope and priorities for DCO examinations, including those focusing on financial resources, operational capabilities, and risk management activities, specializing in system operations and safeguards, with minimal guidance from the Deputy Director. Conduct meetings with other regulators regarding common registrants, including staff of the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission and manage these inter-agency relationships.
Provide leadership and guidance to team members through identifying, distributing, and balancing workload and tasks among employees in accordance with established workflow, skill level, and/or occupational specialization; adjusting workload and tasks among employees.
Supervise professional staff assigned to non-routine reviews arising from notifications filed by DCOs highlighting unexpected events or errors, as well as reviews involving complex or unusual issues arising from ongoing or ad hoc financial and operational analyses of such entities.
Review and assess the sufficiency and accuracy of the reports prepared by staff that detail the analysis done in response to DCO notifications.
Assist the Deputy Director in developing new examination standards and guidance for evaluating the compliance of DCOs with regulatory requirements. Review the effectiveness of these standards and guidance and update as necessary.
Serve as an expert regarding the Examinations Branch’s internally developed software. Assist other staff in understanding the output of the software and respond to general or specific questions posed by senior DCR staff, other CFTC staff, and Commissioners and their staff related to the software.
Represent the branch at program meetings, briefing reviews, technical assessments, training sessions and related activities for DCR senior staff and staff of other Commission offices/divisions regarding the examination program functions and activities. Answer questions from DCR and other Commission staff and the public concerning the examination program.
Build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.
Perform special projects, as assigned, and in support of DCR’s responsibilities in general.
Males born after 12-31-59 must be registered for Selective Service
May be required to serve a 1-year supervisory probationary period
Must submit all required documents by the closing date.
You will be evaluated on the basis of your level of competency (knowledge, skills, abilities) in the following areas:
Accountability
Customer Service
Decisiveness
Flexibility
Interpersonal Skills
Problem Solving
Resilience
Skill in developing, planning, and coordinating examinations of DCOs for compliance with regulations;
Ability to communicate in a clear, concise and effective manner in order to prepare reports that document analysis, findings, and conclusions;
Ability to lead people toward meeting the organization’s vision, mission, and goals. Ability to provide an inclusive workplace that fosters the development of others and facilitates cooperation and teamwork;
Skill in building coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.
Qualifications
CT-15: To qualify for the CT-15 level you must have one year of specialized experience equivalent to the next lower grade (GS/CT-14 level).
Specialized experience is defined as:
Review and assess programs concerning risk management and risk operations and must have direct management.
Experience in successfully leading or being part of an examination team in the evaluation of regulatory compliance of derivatives clearing organizations.
Comprehensive knowledge about, and experience involving, derivatives clearing organizations and the derivatives clearing process.
Prepare affidavits for use in Commission hearing and reviews and assists in the preparation of memorandum and pleading relative to Commission actions.
Supervises professional staff assigned to an examination team, ensure staff completes all assignments using established policies and procedures.
Education
Additional information
Probationary Period. If selected, you may be required to serve a one year supervisory/managerial probationary period.
Relocation: Relocation expenses will not be paid.
All newly appointed employees to the competitive (or excepted) service are subject to a probationary (or trial) period, in determining if your employment advances, we may consider:
Your performance and conduct;
The needs and interests of the agency;
Whether your continued employment would advance organizational goals of the agency or the Government; and
Whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary/trial period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.
This position is not in the bargaining unit.
More than the number of positions listed may be filled through this vacancy announcement.
The overall salary range is provided for informational purposes as it represents the full range that is applicable to current employees in this occupation/grade. A new hire's direct and overall experience are critical factors in determining a salary offer, therefore, it is important that your resume fully reflects all of your work experience. Note that the upper end of each range is typically applicable only to candidates with significant years of work experience and qualifications Please review the CFTC Compensation Program website for additional information.
The law prohibits public officials from appointing, promoting, or recommending their relatives. The law prohibits requesting, making, transmitting, accepting, or considering political recommendations for employment or other personnel actions for non-political positions. This includes recommendations from Members of Congress, Congressional employees, elected state or local officials, and political party officials and any recommendation based on party affiliation.
Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
You will be evaluated for this job based on how well you meet the qualifications above.
Your application will be evaluated and rated under CFTC Category Rating and Selection Procedures. Your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. If you are minimally qualified for this job, your resume and supporting documentation will be compared to your responses on the online assessment questionnaire. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your application will then be placed in one of three categories: Best Qualified, Well Qualified, or Qualified. Names of all candidates in the best qualified category will be sent to the hiring official for employment consideration. Candidates within the best qualified category who are eligible for veteran's preference will receive selection priority over non-veteran preference eligibles.
This recruitment will utilize the following assessment tools: Structured Evaluative Review
Your application will be evaluated through an SME Evaluative Review. Subject Matter Experts (SMEs) will independently review your resume to assess how well your experience demonstrates the required competencies for this position. SMEs will assign scores based on the strength, relevance, and clarity of the information provided in your resume. These individual evaluations will then be combined to determine your final score or rating category.
Quality Category Definitions: • Best Qualified – Applicants who substantially exceed the minimum qualifications and demonstrate exceptional proficiency across the core competencies. • Well Qualified – Applicants who clearly exceed the minimum qualifications and demonstrate strong competency across most areas. • Qualified – Applicants who meet the minimum qualifications for the position.
When the application process is complete, we will review your resume and other supporting documentation, to ensure you meet the hiring eligibility and qualification requirements listed in this announcement.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
Your DD-214 or Statement of Service shows if you qualify for Veterans' Preference, the Veterans Employment Opportunities Act of 1998 or the Veterans Opportunity to Work to Hire Heros Act. We prefer the member 4 copy of your DD-214.
If you qualify under the Schedule A appointing authority, include a disability letter.
If you are a disabled veteran and want to claim preference, you must submit a letter on VA letterhead with your overall combined service-connected disability rating.
Your resume should include relevant work experience, applicable education and your contact information. For current or previous federal employees, include the pay plan, series and grade.
You must provide a complete Application Package, which includes:
Resume (required) showing all relevant and related experience (two pages max). If selected, your resume will be used to determine your initial pay setting decision;
Cover Letter (optional);
DD-214 or Disability Letter: (required if claiming status as a preference eligible)
Special Hiring Authorities: (required paperwork must be submitted to receive consideration for specific hiring authorities (e.g. Schedule A, VRA, VEOA, etc.)
Performance appraisal (optional);
Transcripts (optional) (if required, an unofficial copy is accepted for application package, but an official copy with the date the degree was awarded is required prior to firm offer letter being extended)
Veterans Preference: If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume. In order to verify your veteran preference entitlement, please submit a copy of your veteran's documentation including a DD-214 (member 4 copy preferred, however, the documentation provided must contain dates and character of service); official statement of service from your command if you are currently on active duty; or other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that shows your military service was performed under honorable conditions. In addition, if you are a disabled veteran, a Purple Heart recipient, or widow/widower of a veteran, the spouse of a disabled veteran or the natural mother of a disabled or deceased veteran, you must submit a Standard Form (SF) 15, “Application for 10-Point Veteran Preference,” and the other required documentation identified on the reverse side of the SF-15 to support your preference claim. Although veteran preference points are not assigned under the category rating procedures described under “How You Will Be Evaluated,” veteran preference eligibles are listed ahead of non-veterans within each category for which they are qualified.
Interagency Career Transition Assistance Program (ICTAP): The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP
Career Transition Assistance Program (CTAP): Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp.
ICTAP/CTAP Candidates MUST submit: 1. A copy of their agency reduction-in-force notice; 2. A copy of your most recent Performance Rating; 3. A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and 4. A copy of your notice of proposed removal for declining a directed reassignment or transfer of function outside the local commuting area or documentation showing you were separated as a result of RIF or declining a directed reassignment or transfer of function outside the local commuting area.
YOU MUST APPLY ONLINE: Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS.GOV. To begin, click the Apply Online button within the vacancy announcement and follow the prompts to create an account using LOGIN.GOV, if you have not done so already. LOGIN.GOV will walk you through each step of the account set-up and will automatically link your USAJOBS profile to LOGIN.GOV. Once you have established an account using LOGIN.GOV, you will then go back to USAJOBS.GOV using your LOGIN.GOV user name and password to answer the questions, and submit all required documents. If you already have established an LOGIN.GOV account or want to return to your saved application go to USAJOBS.GOV using your LOGIN.GOV user name and password to apply or view your profile. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 1-866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
Commodity Futures Trading Commission
CFTC
Three Lafayette Centre
1155 21st Street, NW
Washington, District of Columbia 20581
United States
Next steps
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application."
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
Your DD-214 or Statement of Service shows if you qualify for Veterans' Preference, the Veterans Employment Opportunities Act of 1998 or the Veterans Opportunity to Work to Hire Heros Act. We prefer the member 4 copy of your DD-214.
If you qualify under the Schedule A appointing authority, include a disability letter.
If you are a disabled veteran and want to claim preference, you must submit a letter on VA letterhead with your overall combined service-connected disability rating.
Your resume should include relevant work experience, applicable education and your contact information. For current or previous federal employees, include the pay plan, series and grade.
You must provide a complete Application Package, which includes:
Resume (required) showing all relevant and related experience (two pages max). If selected, your resume will be used to determine your initial pay setting decision;
Cover Letter (optional);
DD-214 or Disability Letter: (required if claiming status as a preference eligible)
Special Hiring Authorities: (required paperwork must be submitted to receive consideration for specific hiring authorities (e.g. Schedule A, VRA, VEOA, etc.)
Performance appraisal (optional);
Transcripts (optional) (if required, an unofficial copy is accepted for application package, but an official copy with the date the degree was awarded is required prior to firm offer letter being extended)
Veterans Preference: If you are entitled to veteran preference, you should indicate the type of veteran preference you are claiming on your resume. In order to verify your veteran preference entitlement, please submit a copy of your veteran's documentation including a DD-214 (member 4 copy preferred, however, the documentation provided must contain dates and character of service); official statement of service from your command if you are currently on active duty; or other official documentation (e.g., documentation of receipt of a campaign badge or expeditionary medal) that shows your military service was performed under honorable conditions. In addition, if you are a disabled veteran, a Purple Heart recipient, or widow/widower of a veteran, the spouse of a disabled veteran or the natural mother of a disabled or deceased veteran, you must submit a Standard Form (SF) 15, “Application for 10-Point Veteran Preference,” and the other required documentation identified on the reverse side of the SF-15 to support your preference claim. Although veteran preference points are not assigned under the category rating procedures described under “How You Will Be Evaluated,” veteran preference eligibles are listed ahead of non-veterans within each category for which they are qualified.
Interagency Career Transition Assistance Program (ICTAP): The ICTAP provides eligible displaced federal competitive service employees with selection priority over other candidates for competitive service vacancies. If your agency has notified you in writing that you are a displaced employee eligible for ICTAP consideration, you may receive selection priority if: 1) this vacancy is within your ICTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must score 85 or better on established ranking criteria. You must provide proof of eligibility with your application to receive selection priority. Additional information about ICTAP eligibility is at: http://www.opm.gov/ctap/index.asp.ICTAP
Career Transition Assistance Program (CTAP): Provides eligible surplus and displaced competitive service employees in the CFTC with selection priority over other candidates for competitive service vacancies. If CFTC has notified you in writing that you are a surplus or displaced employee eligible for CTAP consideration, you may receive selection priority if: 1) this vacancy is within your CTAP eligibility, 2) you apply under the instructions in this announcement, and 3) you are found well-qualified for this vacancy. To be well qualified, you must rate equivalent to the Well Qualified or better category using established rating criteria. You must provide a copy of your written notification of CTAP eligibility with your application. Additional information about CTAP eligibility is at: http://www.opm.gov/ctap/index.asp.
ICTAP/CTAP Candidates MUST submit: 1. A copy of their agency reduction-in-force notice; 2. A copy of your most recent Performance Rating; 3. A copy of your most recent SF-50 noting current or last position held, the grade level, and the duty location; and 4. A copy of your notice of proposed removal for declining a directed reassignment or transfer of function outside the local commuting area or documentation showing you were separated as a result of RIF or declining a directed reassignment or transfer of function outside the local commuting area.
YOU MUST APPLY ONLINE: Your complete application, including required documents, must be received by 11:59 p.m. Eastern Time (EST) on the closing date of this announcement. You must complete and submit an application by accessing the USAJOBS website at USAJOBS.GOV. To begin, click the Apply Online button within the vacancy announcement and follow the prompts to create an account using LOGIN.GOV, if you have not done so already. LOGIN.GOV will walk you through each step of the account set-up and will automatically link your USAJOBS profile to LOGIN.GOV. Once you have established an account using LOGIN.GOV, you will then go back to USAJOBS.GOV using your LOGIN.GOV user name and password to answer the questions, and submit all required documents. If you already have established an LOGIN.GOV account or want to return to your saved application go to USAJOBS.GOV using your LOGIN.GOV user name and password to apply or view your profile. If you have problems completing your on-line application, including problems submitting your supporting documents, please contact the Help Desk by e-mail at mgshelp@monster.com or phone at 1-866.656.6831. The help desk is available Monday-Friday, 7:00 a.m. to 7:00 p.m. EST.
To verify the status of your application, log into your USAJOBS account (https://my.usajobs.gov/Account/Login), all of your applications will appear on the Welcome screen. The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit: https://www.usajobs.gov/Help/how-to/application/status/.
Commodity Futures Trading Commission
CFTC
Three Lafayette Centre
1155 21st Street, NW
Washington, District of Columbia 20581
United States
Next steps
Your status will also be updated on USAJOBS throughout the process. You can check your status, by accessing the USAJOBS website at http://usajobs.gov/ and clicking on "Track Your Online Application."
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
